In the recent cryptocurrency boom, no one expected that the biggest winner was not Bitcoin, but the origin of a joke Dogecoin (Dogecoin). Since the beginning of this year, Dogecoin has set new highs, with a rise of more than 260 times in six months, and its market value once reached about US$92 billion.
How does Dogecoin get above the position?
Dogecoin was successfully released thanks to the "trading expert" in the cryptocurrency industry - Tesla CEO Elon Musk . This year, Musk has been yelling hard on his Twitter: "We don't need to be billionaires to have Dogecoin", "I didn't drink too much, I wasn't depressed, I only have Dogecoin in my heart."
However, Musk is not the only celebrity to stand up for Dogecoin. Dallas Mavericks boss Mark Cuban (Mark Cuban), American rock singer Gene Simmons (Gene Simmons) and rapper Snoop Dogg) has publicly supported Dogecoin.
In addition to celebrity support, good market conditions are also one of the reasons Dogecoin can hit new highs. Multiple rounds of fiscal stimulus in the United States mean that people have more money to spend, so that more retail investors will turn to investment areas with lower thresholds, such as stock markets and cryptocurrencies.
"Dog" currency soars
From cheap altcoins to hot global The first cryptocurrency to increase, Shiba Inu Coin (Shib) took only 2 days. On May 8, the price of Shiba Inu Coin rose by more than 251%, with a trading volume of 40.3 billion yuan, making it a hot search on Weibo. Shiba Inu Coin even surpassed Dogecoin and ranked second in the popularity of the currency circle. Whether it is Bitcoin, Dogecoin, or Shiba Inu Coin, there is Musk behind it. He only used one or two sentences to set off a bloody storm in the currency circle.
Today, Shiba Inu Coin (SHIB) was founded. Ryoshi said on Twitter that LEASH (dog leash) is very important to SHIB, worth hundreds of millions of dollars. LEASH only took one day, and the price rose sharply, with a single-day increase of 300%. At present, LEASH (dog leash) can only trade on Jubi platform and Uniswap.
Jubi trading platform launched various "dog" currency types earlier, such as: DOGE, SHIB, and LEASH. Among them, SHIB increased by more than 800% in a single-day increase, and LEASH increased by more than 300%. Users received a single-day increase of The gains of several times have once again verified Jubi's ability to explore and evaluate value projects. Recently, Jubi's trading platform has also launched the "Dog" currency lucky turntable event, and participated in the designated "Dog" currency transaction. You can get a lottery opportunity for every 300 USDT transaction volume, and you have the opportunity to win a prize reward of a total value of 2,000 USDT.
SHIB was on the Coinbase page, the world's largest cryptocurrency exchange, today. Although it was only introduced on the page and no transaction was opened, this benefit is still worth looking forward to. After SHIB soars, can dog leash LEASH continue the rise in Dogecoin? Let's wait and see.
